Servotech Secures 67% Share in PSU/OMC DC Fast EV Charger Tenders
Servotech Renewable secured orders for 423 DC Fast EV Chargers out of 631 units tendered by PSUs/OMCs, capturing a 67% share. These orders, to be implemented in FY2026-27, reinforce Servotech's position in the EV charging infrastructure segment.
The order wins are substantial and contribute to the company's order pipeline and market share in the growing EV charging infrastructure segment, indicating a medium-term positive impact on its business.
The company has secured a significant majority share in multiple tenders for EV chargers from PSUs and OMCs, which is a positive development for its business and market position.
Servotech Renewable Power System Ltd. has emerged as a leading bidder in multiple tenders floated by Public Sector Undertakings (PSUs) and Oil Marketing Companies (OMCs) during the last quarter of FY2025-26. The company secured orders for 423 units of 60kW and 120KW DC Fast EV Chargers against a total tendered quantity of approximately 631 units, representing a market share of about 67%. These orders are crucial for expanding India's EV charging network, particularly along highways and high-utilization corridors, and will be implemented in FY2026-27.
Sarika Bhatia, Director at Servotech Renewable, stated that this achievement validates Servotech's capabilities in the EV charging sector and reinforces the company's focus on strengthening its position in DC fast charging solutions. The milestone is expected to significantly bolster Servotech's order pipeline and support India's growing electric mobility ecosystem.
Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company with over two decades of experience in electronics and developing tech-enabled EV Charging solutions. The company offers a wide range of AC and DC chargers and aims to play a pivotal role in developing India's EV tech infrastructure.
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